The Tax Laws Amendment Bill, 2020

The Tax Laws (Amendment) Bill, 2020 was published on 30 March 2020 (the Bill) to make amendments to tax-related laws in Kenya including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013, the Miscellaneous Fees and Levies Act, 2015 and the Excise Duty Act, 2015. The National Assembly will, on 8 April 2020, consider and vote on the Bill and forward it for assent to the President.

 

Business Laws (Amendment) Bill, 2020 Set to Improve Ease of Doing Business in Kenya

With the introduction of the Business Laws (Amendment) Bill, 2019 (the Bill), businesses stand to win big as the Kenyan government moves to amend certain statutes with the aim of improving the ease of doing business in the country. The Bill, which was introduced in the National Assembly in November 2019 and is currently in its First Reading stage, proposes several changes which, if adopted, could reduce costs and time spent on certain transactions in Kenya.